Spring racing carnival triggers Melbourne auction dip

Spring racing carnival triggers Melbourne auction dip
Spring racing carnival triggers Melbourne auction dip

The REIV is expecting about 270 auctions in 161 suburbs this weekend, lower the normal given the Spring racing carnival.

The top auction locations this week are Craigieburn (10) and Rosebud (7), followed by Belmont and Frankston with six and five auctions respectively.

Last weekend

1473 auctions (exc. 46 postponed and 91 withdrawn)

This weekend

270 auctions

This weekend last year

71% from 278 auctions

Next weekend the auctions pick up when on there will be 1190 auctions.

The there will be a 17/18 November peak with 1430 auctions.

In three weeks’ time, 24/25 November, the auctions slip back to 1020 auctions.

A three bedroom Craigieburn house has been scheduled for auction on November 3 with $400,000 to $440,000 hopes (pictured above).

Situated at 36 Cimberwood Drive, the low maintenance home consists of lounge room, open plan kitchen, dining, three large bedrooms with BIRs, central bright bathroom and car space..

It is centrally located close to several schools, main Craigieburn shopping centres and other general living amenities including transport.

Spring racing carnival triggers Melbourne auction dip

Another example in Craigieburn is a four bedroom house priced at $550,000 to $605,000 (pictured above).

It also has been scheduled for going under the hammer on November 3.

The house situated at 32 Montpellier Crescent features two living areas, four generous-sized bedrooms, modern kitchen and alfresco with landscaped garden and great sized back yard.

It is located close to local schools, public transport, parkland and Craigieburn central shopping centre.

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Auctions Reiv

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